Sam Bankman-Fried Convicted on All Counts in Shocking Fraud Trial

1 min read
Source: The Wall Street Journal
Sam Bankman-Fried Convicted on All Counts in Shocking Fraud Trial
Photo: The Wall Street Journal
TL;DR Summary

Sam Bankman-Fried, the founder of FTX, has been convicted by a New York federal jury of stealing billions of dollars from customers in what prosecutors have called one of the largest financial frauds in U.S. history. The verdict marks a significant downfall for Bankman-Fried, who was once considered a crypto king and had built FTX into a prominent trading platform with high-profile sponsorships and celebrity endorsements.

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